held up well...but what next?

The PXR share price has held up surprisingly well given the state of the market.

I have been watching this one closely and have been waiting for confirmation of acquisition of the indonesian asset. Due Diligence has been ongoing for over 6 months so one would think this will all be finalised shortly.

Furthermore Palace claimed last year that they will have up to 7 drill rigs on site from mid-november with the hope of having an initial JORC out within 6 months. Well that was 6 months ago so hopefully once the purchase of the asset is finalised there will be a steady flow of news regarding the resource size and quality as there have also been goelogists on site.

Could potentially put a rocket under the share price if the resource numbers are decent especially given the current market cap of just $15m.

Anyone care to share their opinion or offer an insight as to what they think is on the horizon for the company?